Magyar Bank Mortgage Rates, Fees & InfoNew Brunswick, NJ
Tax ID: 22-1085787
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewMagyar Bank is a smaller bank specializing in Home Purchase loans. Magyar Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Philadelphia, Miami, Atlantic City, and Ocean City among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)
Magyar Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Origination Dollar Volume (All Markets)$70,615,000
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
|Market||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA)||131||$52,705,000||$402,328||$0||0.00%|
|Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA)||5||$13,215,000||$2,643,000||$0||0.00%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||2||$2,040,000||$1,020,000||$0||0.00%|
|ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA)||2||$1,290,000||$645,000||$0||0.00%|
|OCEAN CITY, NJ (FHA|USDA|VA)||1||$935,000||$935,000||$0||0.00%|
|ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA)||2||$430,000||$215,000||$0||0.00%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Magyar Bank's most frequently originated type of loan was Conventional, with 143 originations.
For 2022, Magyar Bank's most frequently cited loan purpose was Home Purchase, with 62 originations. The 2nd most popular reason was Other, with 34 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2022, Magyar Bank's most frequently cited loan duration was Other, with 143 originations.
2022 saw Magyar Bank place emphasis on $200k-400k loans with 46 originations, totaling $13,300,000 in origination value.
Magyar Bank lent most frequently to those with incomes in the $250k+ range, with 26 originations. The second most popular income band? $150k-250k, with 25 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Magyar Bank lent most frequently to those with DTI ratios of Exempt%, with 143 originations.
Approval RatesTotal approvals of all applications
Magyar Bank has an average approval rate.
Pick RateApprovals leading to origination
Magyar Bank has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|